Nations Financial Group Inc. IA ADV Has $464,000 Position in The PNC Financial Services Group, Inc. (NYSE:PNC)

Nations Financial Group Inc. IA ADV increased its holdings in shares of The PNC Financial Services Group, Inc. (NYSE:PNC) by 93.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 2,406 shares of the financial services provider’s stock after acquiring an additional 1,162 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in The PNC Financial Services Group were worth $464,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC acquired a new stake in The PNC Financial Services Group in the third quarter valued at $70,000. Creative Planning increased its stake in shares of The PNC Financial Services Group by 8.7% in the third quarter. Creative Planning now owns 75,927 shares of the financial services provider’s stock valued at $14,035,000 after buying an additional 6,055 shares during the period. Blue Trust Inc. raised its position in shares of The PNC Financial Services Group by 20.1% during the third quarter. Blue Trust Inc. now owns 4,308 shares of the financial services provider’s stock worth $796,000 after acquiring an additional 722 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of The PNC Financial Services Group by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 190,657 shares of the financial services provider’s stock worth $35,243,000 after acquiring an additional 3,621 shares during the period. Finally, Cyndeo Wealth Partners LLC boosted its holdings in The PNC Financial Services Group by 8.6% in the third quarter. Cyndeo Wealth Partners LLC now owns 1,578 shares of the financial services provider’s stock valued at $292,000 after acquiring an additional 125 shares during the last quarter. 83.53% of the stock is owned by institutional investors.

Insider Buying and Selling at The PNC Financial Services Group

In other news, CEO William S. Demchak sold 1,242 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $216.01, for a total value of $268,284.42. Following the completion of the sale, the chief executive officer now owns 533,765 shares in the company, valued at $115,298,577.65. This represents a 0.23 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 13,662 shares of company stock worth $2,730,549. Corporate insiders own 0.42% of the company’s stock.

The PNC Financial Services Group Stock Down 0.8 %

The PNC Financial Services Group stock opened at $193.91 on Tuesday. The firm has a market capitalization of $76.94 billion, a price-to-earnings ratio of 14.10, a price-to-earnings-growth ratio of 1.64 and a beta of 1.16. The firm’s fifty day moving average price is $197.11 and its two-hundred day moving average price is $191.16. The PNC Financial Services Group, Inc. has a 1-year low of $139.69 and a 1-year high of $216.26. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 1.13.

The PNC Financial Services Group (NYSE:PNC) last released its quarterly earnings results on Thursday, January 16th. The financial services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.26 by $0.51. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.51 billion. The PNC Financial Services Group had a return on equity of 11.12% and a net margin of 17.10%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.16 EPS. On average, equities research analysts predict that The PNC Financial Services Group, Inc. will post 15.3 earnings per share for the current fiscal year.

The PNC Financial Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 5th. Investors of record on Wednesday, January 15th were given a $1.60 dividend. This represents a $6.40 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Wednesday, January 15th. The PNC Financial Services Group’s payout ratio is currently 46.55%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PNC shares. Piper Sandler raised their price target on shares of The PNC Financial Services Group from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on shares of The PNC Financial Services Group from $215.00 to $235.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup increased their price target on The PNC Financial Services Group from $200.00 to $235.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Compass Point boosted their price objective on The PNC Financial Services Group from $175.00 to $233.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Truist Financial raised their target price on The PNC Financial Services Group from $215.00 to $216.00 and gave the stock a “hold” rating in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, The PNC Financial Services Group currently has an average rating of “Hold” and a consensus target price of $205.00.

The PNC Financial Services Group Company Profile

The PNC Financial Services Group, Inc operates as a diversified financial services company in the United States. It operates through three segments: Retail Banking, Corporate & Institutional Banking, and Asset Management Group segments. The company's Retail Banking segment offers checking, savings, and money market accounts, as well as time deposit; residential mortgages, home equity loans and lines of credit, auto loans, credit cards, education loans, and personal and small business loans and lines of credit; and brokerage, insurance, and investment and cash management services.